Title CM01-ETH PART 2.pdf ✅

Jointly offered by: ETHICS BUSINESS is a sum total of principles and code of conduct businessmen are expected to follow in their dealings with their fellowmen such as stockholders, employees, customers, creditors, and comply with to enact the laws of the land and to protect all these stakeholders. essentially deals with understanding what is right and morally good in business. The constituents of business ethics include adherence to truth, a commitment to justice and public integrity. CM01
Jointly offered by: Ethics is a code of behavior considered correct. Business ethics itself is an offshoot of applied ethics. The study of business ethics essentially deals with understanding what is right and morally good in business. The constituents of business ethics include adherence to truth, a commitment to justice and public integrity. Business ethics operate as a system of values relating business goals and techniques to meet specific human needs. CM01 CONTINUATION... Service-mindedness is a value which when cherished in an organization would manifest in better customer satisfaction. This would mean viewing the needs and aspirations of individuals as part of society. It also means realization of the personal dignity of human beings.
Jointly offered by: A major task of leadership is to inculcate personal values and impart a sense of business ethics to the organizational members. Values and ethics shape the corporate culture and dictate the way how politics and power will be used and clarify the social responsibility in the organization. A typical dilemma faced by people in business is to decide whether to reconcile the pragmatic demands of work which often degenerate to distortion of values and unethical business practices, or to listen to the call of the “inner voice’ which somehow prevents them from using unethical means for achieving organizational goals. CM01 CONTINUATION...
Jointly offered by: OF A BUSINESS ARE A KEY FACTOR IN HOW BUSINESS IS ETHICAL STANDARDS A business’ reputation impacts its customers, employees, potential for growth and overall success. A business organization that exemplifies integrity in its products, services and actions holds itself up to high ethical standards on all three levels. CM01 First level of ethical standards is law Second level of ethical standards for a business organization concerns its internal policies and procedures. Third level is the employee-employer rights and responsibilities.